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The loss of interest for the euro in Romania

Claudiu Albulescu () and Dominique Pépin ()

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Abstract: We generalize a money demand micro-founded model to explain Romanians' recent loss of interest for the euro. We show that the reason behind this loss of interest is a severe decline in the relative degree of the euro liquidity against that of the Romanian leu.

Keywords: money demand; open economy model; currency substitution; Romania (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-mon
Date: 2016-09-06
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01361214
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